Altyn

Monetary unit used in Russia from the last quarter of the fourteenth century until the eighteenth century.

The altyn's first use was directly connected with the appearance of the denga, another monetary unit and coin that came into existence at the same time. Six dengi (pl.) equaled one altyn. The word altyn was a lexicological borrowing into Russian from Mongol, meaning "six." From its origins, the altyn was mainly used in the central and eastern lands of Russia (Moscow, Ryazan, Tver), but spread to the lands of Novgorod and Pskov by the early sixteenth century. In the early eighteenth century, the altyn became synonymous with a silver coin that equaled about three kopeks.

Bibliography

Spassky, Ivan Georgievich. (1967). The Russian Monetary System: A Historico-Numismatic Survey, tr. Z. I. Gorishina and rev. L. S. Forrer. Amsterdam: Jacques Schulman.

—ROMAN K. KOVALEV